The emission monitoring systems (EMS) market was valued at USD 1.57 Billion in 2014 and is expected to grow at a CAGR of 10.4% between 2015 and 2020. The base year used for study is 2014 and the forecast period is from 2015 to 2020. This report provides a detailed analysis of the emission monitoring systems market based on system type, element, vertical, and region. It has been estimated that the continuous emission monitoring system (CEMS) would hold a large share of the market. The market for CEMS was valued at USD 1.17 Billion in 2014. However, the market for predictive emission monitoring system (PEMS) is expected to grow at a high CAGR of 12.3% between 2015 and 2020.

The research methodology used to estimate and forecast the emission monitoring systems market begins with capturing data on key vendor revenue through the secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global market from the revenue of key players in the market. After arriving at the overall market size, the total market has been split into several segments and sub-segments which have been verified through the primary research by conducting extensive interviews of people holding key positions such as CEOs, VPs, directors and executives. These market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The breakdown of profiles of primary is depicted in the below figure:

The stakeholders of this report include technology providers, CEMS and PEMS designers and manufacturers, training providers, research organizations and consulting companies, associations, forums, and alliances related to emission monitoring systems, government bodies such as regulating authorities and policy makers, and investors.

The target audience for the report includes key players such as ABB Ltd. (Switzerland), Emerson Electric Co. (U.S.), General Electric (U.S.), Rockwell Automation Inc. (U.S.), Siemens AG (Germany), and Parker Hannifin Corp. (U.S.) among others and associations such as Source Testing Association (STA), the Air Quality and Emission Show, and the CEMS Alumni Association (CAA).

Scope of the report:

This research report categorizes the global emission monitoring systems market based on system type, element, vertical, and region.

On the basis of system type

The global emission monitoring systems market has been segmented based on system type into continuous emission monitoring system (CEMS) and predictive emission monitoring system (PEMS).

On the basis of element

The global emission monitoring systems market has been further been segmented based on the element into hardware, software, and services.

On the basis of vertical

Based on the vertical, the studied market has been segmented into power generation plant, oil and gas, cement, chemicals & fertilizers, pharmaceuticals, pulp & paper, metal and mining, marine and shipping, and waste incineration.

On the basis of region

The global emission monitoring systems market has been split into four regions, namely, North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The market in North America includes U.S., Canada, and Mexico. The market in Europe includes the U.K., France, and Germany. The market in Asia-Pacific includes China, Japan, South Korea, and India. The Rest of the World includes the Middle East, Africa, and Latin America.

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Figure 1 Research MethodologyFigure 2 Emission Monitoring Systems Market: Bottom Up ApproachFigure 3 Emission Monitoring Systems Market: Top-Down ApproachFigure 4 Data TriangulationFigure 5 Assumptions of the Research StudyFigure 6 Emission Monitoring Systems Market SegmentationFigure 7 PEMS is Expected to Grow at the Highest CAGR During 2015 and 2020Figure 8 EMS Market Snapshot, By Vertical (2015 vs 2020): Power Generation Plants Expected to Be the Largest Market for EMS During the Forecast PeriodFigure 9 APAC is Expected to Hold Highest Market Share in the EMS MarketFigure 10 Attractive Growth Opportunities in the Emission Monitoring Systems MarketFigure 11 Application in the Oil and Gas Vertical Expected to Witness High CAGR During the Forecast PeriodFigure 12 APAC Expected to Hold the Largest Share in the Emission Monitoring Systems Market in 2015Figure 13 China to Account for the Largest Share of the Emission Monitoring Systems Market in 2015Figure 14 PEMS Expected to Witness Rapid Growth Between 2015 and 2020Figure 15 Emission Monitoring Systems Market Segmentation, By GeographyFigure 16 Stringent Legal and Environmental Regulations Expected to Spur the Demand for Emission Monitoring SystemsFigure 17 Value Chain Analysis: Major Value Addition is Done During the Manufacturing and Assembling PhaseFigure 18 Porters Five Forces Analysis (2014)Figure 19 Emission Monitoring Systems Market: Porters Five Forces AnalysisFigure 20 Emission Monitoring Systems Market: Intensity of RivalryFigure 21 Emission Monitoring Systems Market: Threat of SubstitutesFigure 22 Emission Monitoring Systems Market: Bargaining Power of BuyersFigure 23 Emission Monitoring Systems Market: Bargaining Power of SuppliersFigure 24 Emission Monitoring Systems Market: Threat of New EntrantsFigure 25 Emission Monitoring Systems Market Segmentation, By System TypeFigure 26 Hardware is Estimated to Hold the Largest Market Share of the CEMS MarketFigure 27 APAC Estimated to Lead the CEMS Market for Chemicals and Fertilizers Between 2015 and 2020Figure 28 Software Estimated to Have the Largest Market for PEMSFigure 29 APAC Expected to Lead the PEMS Market for the Cement Industry During the Forecast PeriodFigure 30 APAC Expected to Be the Fastest Growing Market for PEMS in the Waste Sector During the Forecast PeriodFigure 31 Emission Monitoring Systems Market Segmentation, By ElementFigure 32 Hardware is Estimated to Be the Largest Market for EMSFigure 33 CEMS Expected to Lead the Hardware Market Between 2015 and 2020Figure 34 PEMS Expected to Witness Rapid Growth in the Services MarketFigure 35 Power Generation Plants Estimated to Lead the Emission Monitoring Systems MarketFigure 36 PEMS Expected to Be the Fastest-Growing Market in the Oil & Gas VerticalFigure 37 APAC Expected to Lead the Market for Chemicals and Fertilizers During the Forecast PeriodFigure 38 APAC Expected to Lead the Market for Pulp & Paper Between 2015 and 2020Figure 39 CEMS Estimated to Hold A Large Share of the Market for Waste Incineration in 2015Figure 40 Geographic Snapshot - Developing Countries Emerging as New Hot SpotsFigure 41 Market Snapshot of North America (2014-2020): Demand Likely to Be Driven By the Increased Focus of the U.S. Epa on Reducing Emission LevelsFigure 42 Application in Power Generation Plants Expected to Lead the Emission Monitoring Systems Market in EuropeFigure 43 Asia Pacific: Emission Monitoring Systems Market Snapshot (2014-2020) - China is the Most Lucrative MarketFigure 44 The Middle East Expected to Lead as Well as Witness Rapid Growth Between 2015 and 2020Figure 45 Companies Adopted New Product Launches as A Key Growth Strategy Over the Last Three YearsFigure 46 Market Evolution Framework: New Product Launches Fuelled Growth and Innovation Between 2013 and 2015Figure 47 Battle for Market Share: New Product Launches Was the Key StrategyFigure 48 Geographic Revenue Mix of Top Five PlayersFigure 49 ABB Ltd.: Company SnapshotFigure 50 ABB Ltd.: SWOT AnalysisFigure 51 Emerson Electric Co.: Company SnapshotFigure 52 Emerson Electric Company: SWOT AnalysisFigure 53 General Electric Co.: Company SnapshotFigure 54 General Electric Co.: SWOT AnalysisFigure 55 Rockwell Automation Inc.: Company SnapshotFigure 56 Rockwell Automation Inc.: SWOT AnalysisFigure 57 Siemens AG: Company SnapshotFigure 58 Siemens AG: SWOT AnalysisFigure 59 Parker Hannifin Corporation: Company SnapshotFigure 60 Teledyne Technologies Inc.: Company SnapshotFigure 61 Thermo Fisher Scientific Inc.: Company Snapshot

The emission monitoring systems market is estimated to reach USD 2.81 Billion by 2020. Government regulations worldwide require industrial operators to measure the concentration of CO, NOx, O2, and other flue gases emitting from industrial process operations. Identifying the negative impact of these gases, many countries such as the U.S. and the U.K. have taken major steps to properly monitor and control emission levels. This has increased the need of emission monitoring systems globally.

Oil & gas, followed by cement and power generation plants are fastest growing industries in the emission monitoring systems market. There is a demand for these systems in the oil & gas vertical to meet the increasingly stringent gas turbine emission regulations. Further, the increasing regulation of governments for reduction of dust, NOx, CO, CO2, and SO2, mercury, greenhouse gases, and pollutants emitting from power plants has increased the demand for emission monitoring systems across the globe.

The market for PEMS is expected to grow at a high CAGR during the forecast period. PEMS has several advantages over traditional CEMS. PEMS requires low capital expenditure as well as much lower operational and maintenance cost. Additional benefits of PEMS include reduced risks, fast deployment, quick compliance, and no labor and material costs associated with operations and maintenance. Thus, a majority of manufacturers prefer PEMS over CEMS.

APAC accounted for the largest share of the emission monitoring systems market in 2014; the market in the region is expected to grow at a high CAGR between 2015 and 2020. The increasing industrialization and urbanization in the APAC region and stringent air pollution regulations are key factors driving the market.

One of the key restraining factors for the growth of this market is that it is fragmented with many specialist suppliers. In the near future, the trend is expected to change and the market will start to consolidate as some of the smaller manufacturers could be acquired by bigger ones. For instance, Emerson Electric Co. (U.S.), one of the leading players in the analytical instrument industry acquired Cascade Technologies Ltd. (Stirling, Scotland) in December 2014. Cascade Technologies Ltd. is a manufacturer of gas analyzers and emission monitoring systems and uses the Quantum Cascade Laser (QCL) technology for manufacturing. Through this acquisition, Emerson expanded its analytical measurement capabilities by adding the innovative QCL technology to its Rosemount Analytical gas analysis portfolio.

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